Warren to Trump: Show Me the Crypto, Or Else the Senate Will 🪙

Senator Elizabeth Warren has asked President Donald Trump to voluntarily submit a financial disclosure covering his crypto-related earnings between January 1 and July 15, a move that intensifies scrutiny of his digital-asset holdings as Congress weighs new market structure rules. In a Thursday letter, Warren pointed to Trump's 2025 financial disclosure, filed June 30 with the US Office of Government Ethics, which reported $1.4 billion in crypto-linked income for the year, including proceeds tied to his Official Trump (TRUMP) memecoin and the family venture World Liberty Financial. The senator asked that the report be delivered by July 23, ahead of the standard 2026 disclosure deadline of May 2027.

Warren framed the request around the Digital Asset Market Clarity (CLARITY) Act, a market structure bill that the Senate is preparing to take up before the August state work period. "Your financial disclosure raises key questions about the appropriateness of Presidents, Vice Presidents, senior administration officials, members of Congress, and their families profiting off the crypto industry, just as the US Senate debates crypto market structure legislation that has the potential to increase the value of your crypto holdings," Warren wrote. She added that without adequate guardrails, "CLARITY would turbocharge the President's significant conflicts of interest and almost certainly boost the value of his and his family's crypto holdings."

Trump, in a July 2 interview, said there was "nothing illegal" and "nothing wrong" with profiting from his crypto investments as president. Cointelegraph's requests for comment from the White House and from Warren's office were not returned before publication. Senate Majority Leader John Thune has said the chamber will hold a vote on the bill before the August recess, though many Democrats have said they will not back the legislation without explicit ethics provisions tied to the president's crypto holdings.

The pressure is not limited to the upper chamber. On Friday, the House Financial Services Committee's Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a field hearing in New York City on the CLARITY Act, which the House passed in July 2025 and which would return to that chamber if cleared with 60 votes in the Senate. Representative French Hill, who chairs the full committee and attended the hearing, called the bill "a bipartisan priority." Democrats on the panel have continued to flag Trump's reported crypto earnings as a central reason they will withhold support until ethics language is added.